6951 Mesa StEl Paso, TX 79912

For Sale
Call for price

High-Yield QSR Duo in Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 3,655 square foot, Class A, multi-tenant retail property located at 6951 N Mesa St, El Paso, Texas, 79912. The property, built in 2017, sits on a 16,640 square foot lot and is zoned C-1. It features two units, currently 100% occupied by a Pieology and a Pokeworks franchisee under a net lease agreement. The building boasts a single story and is part of a ground lease. Investors will benefit from a strong 6.75% cap rate and built-in rent bumps of 10% every five years, providing significant long-term growth potential. The lease includes two options, offering further security and flexibility. This is a rare opportunity to acquire a high-performing, established QSR property in a desirable El Paso location with a proven track record of success. The property's strong tenant mix, favorable lease terms, and prime location make it an ideal addition to any diversified investment portfolio. The sale includes the leasehold interest only; the land and underlying business are not included in this offering.

Highlights

  • Retail property, 3,655 square feet, featuring Pieology and Pokeworks.
  • Net lease investment opportunity with a 6.75% cap rate.
  • Class A property, 100% occupied by franchisees.
  • Two units in a single, one-story building, built in 2017, on a 16,640 square foot lot.
  • Located at 6951 N Mesa St, El Paso, TX 79912, zoned C-1.
  • Ground lease with two lease options and 10% rent bumps every 5 years.

Property Details for 6951 Mesa St

Property type
Other retail properties, Restaurants
Square Feet
3,655 SF
Class
A
Year Built
2017
Buildings
1
Stories
1
Units
2

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.83498
Longitude
-106.5487183
6951 Mesa St, El Paso, Texas

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6951 Mesa St
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